The strategy where communicators respond to one end of the dialectical spectrum and ignore the other is

Springer Anderson Gymnastics prepared its annual financial statements dated December 31. The company reported its inventory usin

stira [4]

Answer:

Ending Inventory Net Realisable Value or LCM is $ 14,000

Net Income Net Realisable Value or LCM is $ 11,900

Explanation:

Purchase Cost Replacement Cost per

Item Quantity Per Unit Total Unit Total Cost NRV

A 1,500 $ 3 4,500 $ 4 $ 4500 $4500

B 750 4 3,000 2 $1500 $ 1500

C 3,500 2 7,000 1 $3500 $ 3500

D 1,500 5 7,500 3 $ 4500  $ 4500 

$ 14000

Ending Inventory $ 22,000

Income Statement

Sales Revenue $ 140,000

Cost of Goods Sold

Beginning Inventory $ 15,000

Purchases 91,000 Goods

Available for Sale 106,000

Ending Inventory 14,000 Applying LCM/NRV

Cost of Goods Sold 92,000

Gross Profit 48,000

Operating Expenses 31,000

Income from Operations 17,000

Income Tax Expense (30%) 5,100

Net Income $ 11,900

4 0

2 years ago

For each of the following three scenarios, would you rather: a. Receive $100 in one month or $100 in two months (most people pre

Kryger [21]

Answer:

I would Like to receive $100 in one month rather in two months.

I would like to take to take dinner in one month rather in two months.

Explanation:

Time value of money money describes that the amount now in hand is worth more rather having it after some time. All the money have potential earning capacity and it earn with the passage of time as time gone the earning will also lost. That is why it is better to receive money in one month rather in two months and have dinner in one month rather in two months.

8 0

2 years ago

The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-ho

Burka [1]

Answer:

5,900= standard quantity

Explanation:

Giving the following information:

Actual direct labor-hours worked 6,200 hours

Standard direct labor rate $7 per hour

Labor efficiency variance $2,100 Unfavorable

To calculate the standard hour, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

-2,100 = (standard quantity - 6,200)*7

-2,100= 7standard quantity - 43,400

41,300/7 = standard quantity

5,900= standard quantity

7 0

2 years ago

Read 2 more answers

Shmotel Industries wants to build a new manufacturing plant. Their target ROI is 20% and the investment required to build the ho

just olya [345]

Answer:

Price = $1,000

Explanation:

Price to be charged = (Production cost + Target return)/ units

Required target return- ROI × investment cost

= 20% × 1,000,000 = $200,000

Production cost = Variable cost + Fixed cost

Production cost = (500 × 200) + 200,000 = 300000

Total sales revenue to achieve a return= Production cost + target return

= 300,000 + 200,000 = 500,000

Selling price per unit = $500,000/500 units

= $1,000

6 0

2 years ago

Coca-Cola has operations in all but three nations in the world and Pepsi-Cola is now available in more than 160 countries and te

dem82 [27]

Answer:

The answer is: D) global competition

Explanation:

This is the perfect example of global competition, where huge multinational corporations compete with each other for local markets.

For example, Coca Cola and Pepsi both sponsor different sports competitions, sometimes they even sponsor competing teams in the same championships.

They are present virtually everywhere and probably every single child in the world can recognize a Coke bottle.

8 0

2 years ago